On May 1st, 2012 Massachusetts-based client Central Bancorp, Inc. announced that the company and its wholly owned subsidiary Central Bank have entered into a definitive agreement to be acquired by Independent Bank Corp. The transaction is valued at approximately $54.8 million. The Kilpatrick Townsend Financial Institutions team of Victor Cangelosi, Harry Kantarian, Ed Olifer and Steve Donahoe, with critical assistance from Ravi Desai and Susan Boscarino, negotiated and coordinated the deal's definitive agreements, board meetings, disclosure schedules and diligence efforts, while Tom Hutton and Eric Kracov handled the transaction's complex employee benefits and executive compensation issues.
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